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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Galle Road 2013

Galle Road 2013

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1Galle Road 2013 Empty Galle Road 2013 Fri Nov 09, 2012 11:10 am

Jeremy

Jeremy
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Galle Road 2013 Screen11

2Galle Road 2013 Empty Re: Galle Road 2013 Fri Nov 09, 2012 11:30 am

Hanoifortune

Hanoifortune
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Sinagpore started formula one only in 2007, But Sri lanka want to start city race with out developing economy,education, health and etc.

3Galle Road 2013 Empty Re: Galle Road 2013 Fri Nov 09, 2012 11:39 am

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@Hanoifortune wrote:Sinagpore started formula one only in 2007, But Sri lanka want to start city race with out developing economy,education, health and etc.

Would agree this is not the greatest priority. But there were some good move for capital market development and longer term business trends.

4Galle Road 2013 Empty Re: Galle Road 2013 Fri Nov 09, 2012 11:45 am

Tiger

Tiger
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
If this move is to import some Ferrari s for their sons, it is grave for the country.

If its genuine move to diversify the economy its a good move, which I think so. These kind of initiatives are important for the long run prosperity.

5Galle Road 2013 Empty Re: Galle Road 2013 Fri Nov 09, 2012 12:25 pm

Kithsiri

Kithsiri
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
The masses were made to believe that the developed nations are bankrupt with their sense or morals and World Bank, IMF are evil institutes.
But the very people who were portraying such gloomy pictures to masses want to emulate and go with a begging bowl to them.
Unfortunately, they start to emulate them from the wrong end.
Transparency, meritocracy, education & health are the things to be emulated and not street car racing.
The Gautham Buddha was right; the FOOLS look at the tip on the FINGER when the MOON being shown to them.

@Hanoifortune wrote:Sinagpore started formula one only in 2007, But Sri lanka want to start city race with out developing economy,education, health and etc.

6Galle Road 2013 Empty Re: Galle Road 2013 Fri Nov 09, 2012 12:46 pm

Universalgoal


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
i think it is a good move for some areas like tourism for long view foreign wealth love entertainments (and they love to play even casinos) pirat

7Galle Road 2013 Empty Re: Galle Road 2013 Fri Nov 09, 2012 1:36 pm

roshanalv

roshanalv
Manager - Equity Analytics
Manager - Equity Analytics
No tax for racing cars ( budget 2013 ), so this is secret behind this.

8Galle Road 2013 Empty Re: Galle Road 2013 Fri Nov 09, 2012 1:38 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Concession given on racing cars made minus points over positive points in 2013 budget declared.

Budget committee should have thought twice to curb taxes considering the leading priorities of common people. The benefit of any tax increase could have passed to mass community who are really in need of more concessions.

In my view, this is the least priority should have been given in budget, as the majority of countrymen are still struggling to survive.

I wish, Government may reverse this decision soon.

9Galle Road 2013 Empty Re: Galle Road 2013 Fri Nov 09, 2012 1:54 pm

Whitebull


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@worthiness wrote:Concession given on racing cars made minus points over positive points in 2013 budget declared.

Budget committee should have thought twice to curb taxes considering the leading priorities of common people. The benefit of any tax increase could have passed to mass community who are really in need of more concessions.

In my view, this is the least priority should have been given in budget, as the majority of countrymen are still struggling to survive.

I wish, Government may reverse this decision soon.

I do agree with you and I also sincerely hope that Government may reverse this decision soon.

10Galle Road 2013 Empty Re: Galle Road 2013 Fri Nov 09, 2012 5:50 pm

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Ranil wants only to maintain his leadership

He knows All other work will done by so called supporters of the government[/

11Galle Road 2013 Empty Re: Galle Road 2013 Fri Nov 09, 2012 7:06 pm

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
I never expected this sort of tax relaxation from a budget.!

If they were so desperate, why did n't they introduce this when we had 20:20 world cup? That would have been the ideal situation to do this kind of tax reduction. People would not notice it that much. Rolling Eyes

Government just created an ideal situation for a paralyze opposition to bark (for a while).

I think overall this budget is a quite modest one. Of course very few major hiccups like this.

There's a chance they will reverse the decision ( once the top end demand is satisfied)

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